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21, sweetie, you’ve been betting about the next raise for over 2 years now. Surely you’re out of betting funds by now? But then I guess a stopped clock n all.
"Flights to begin from the new Freetown International Airport terminal this weekend
MARCH 24TH, 2023 NEWS, AVIATION
Westminster have conducted the final security sweep in preparation for flights to depart from the new Freetown International Airport terminal this weekend.
The new $270 million facility, owned by SUMMA airports ltd, is three times the size of the existing terminal, with capacity to handle up to one million passengers a year, five times the current capacity.
We would like to thank our security teams for their outstanding contribution, as well as our control authority partners for joining us on this very successful accomplishment; SLCAA, ONS, SLP, RSLAF.
Westminster are pleased to be supporting SUMMA in their operation of the new terminal and the long term expansion of operations at Freetown International Airport."
was the old airport even at capacity? i believe numbers have been picking up nicely at the old terminal, so that's good for WSG cashflow, but just because capacity is up, doesn't mean new passengers come.
Sorry to hear you're going MT. All the best with your reinvestment elsewhere. As someone who's had a similar story (around for over a decade, averaged down etc etc) i can feel your frustration and don't blame you for you choice.
Good that the share price fell today, a chance for you to feel vindicated (in the short run) and for me to thrown in a little more money against all logical reason!
all the best
Thanks Vander for you thoughts. Not a hint of hidden motive to your post as always.
I’m here. Still invested. Still massively frustrated that nothing has come to fruition. Still check in on the BB regularly. But even you will agree that it adds nothing these days. Used to at least be a mix of ramping and trashing and a bit of discussion. Now it’s just 4 posters having a massive negative circle jerk about Pete.
But mainly I watch to wait to see if 21 ever makes a useful / informative post….tbf he’s probably busy on his Xbox. (Or whatever teenagers are using thee days).
I fall into the second camp (hence some huge losses and some massive averaging down), but also why i try not to give advice.
Tulsatel: i'm believing the jam this time....that said i believed it this time last year...so i should be ignored in general.
misty: i'd argue that it was up on the director purchases that caused the share price rise. Yesterday's RNS said they bought a little over 2.1m shares. From the recent low at the start of the month total volume was just over 6m....so their physical purchases did a fair bit of the heavy lifting. then the 6.3m traded on the 10th was thanks to the RNS i guess.
so my take is that the market overreacted to the profit warning (the key being the guidance on sufficient cash through 23...which i did say on the day) and management took advantage of having the near term prospects in the public domain.
good advice to be careful...but the problem with this BB is 95% of posters are perma-bears or bulls, so their advice can be largely ignored.
Morning 21...remind me again what your holding is would you?
i know it's cheeky to ask, but just wondering if you've bought back in now that your raise is looking less likely? or do you fancy the same bet as last year? might enjoy a month off the BB again next year?
Westminster Group Plc first organisation to benefit from Virgin Money’s accreditation under UK Export Finance (UKEF) General Export Facility programme.
NOVEMBER 4TH, 2022 NEWS, CONTRACTS
Samir Parkash, interim CEO of UKEF, has today announced that Virgin Money is the latest financial institution to be onboarded onto the General Export Facility (GEF), opening up access to financial support to their business customers.
GEF was launched in March 2021 and is designed to provide access to flexible finance for SME exporters.
It has been a game-changing product unlocking almost £250million of working capital loans.
Virgin Money joins six existing lenders; HSBC, Santander, Barclays, Lloyds, NatWest and Newable, making the General Export Facility even more accessible.
Commenting on the UK Export Finance’s General Export Facility, Westminster’s CFO, Mark Hughes, said:
“As an organisation Westminster provides security products and solutions to governments and businesses around the world and access to capital to support our larger projects is critical in delivering on our growth potential.
“We have found both Virgin Money and UKEF to be very supportive and we are delighted to be the first organisation to benefit from a Virgin Money GEF which has enabled us to secure important new export contracts to supply X-Ray security machines to two international airports in Southern Africa.
“We believe having access to the GEF programme going forward will enable us to secure and fund many more import and large-scale export contracts.”
Sharon Ellis, Head of Business Networks at Virgin Money said:
“Virgin Money is committed to supporting businesses with their growth ambitions at this key time for the economy.
“We are pleased to be fully operational with the General Export Facility in conjunction with UKEF, as it enables us to increase access to financial support for businesses like Westminster Group, which is a great example of our relationship teams and trade finance specialists working together to find exactly the right solution to meet the customer’s needs.”
Pleased with the confirmation of cash position. Generally sounds positive…shame about Tema. Reassuring that they still feel confident on a number of wins this year given that we only have 2 months left.
Interesting to see how the market takes this. I suspect negatively (Tema and profit warning), but for me it should be positive given the statement on cash.
very low volume for such a big move.
I suspect Vander is well aware of that fact....but shhhh, he doesn't want other people to know
Can’t complain about that. Assume it’s not huge in monetary terms (hence no RNS) but very positive in terms of showing they they’re doing a good job there. Also it’s more high profile venues to help draw in new, international contracts.
or there's been some articles in the "press" following the contracts and the Arden report and it's piqued the imagination of a few investors, then it snowballed because people love to jump on a rising share price?
that said, i am hopeful that there will be more contracts in the near future (next 4 months)
not remotely helpful
but i guess it's a free BB...often to its detriment
don't get bullish on my now yrabs!!!!
yrabs: yes, that timing turned out to be pretty spot on....better to be lucky than good
yrabs: there was a weird thing last night where the price dropped on close and then jumped back up on open...so it's not up 31% at all. but it is up nonetheless.
yrabs: i can see what you mean about there not seeming to be a reason for the rise. but i'd argue that there wasn't much of a reason for the fall over the past 6 months. Many here would argue that reason was a lack of delivery and the impending capital raise....but that raise hasn't come. of course it will, this is AIM, but i don't think that will be before more material contract news. i don't think they need a keep-the-lights-on raise currently....and i've been right about that for over a year....only time will tell.
management are still claiming that they will be profitable this year, if they are (big IF) then this is still a steal.
i totally get the lack of belief by the long term holders (i've been here over a decade), but i can see the potential upside for some is huge, so maybe that's just why there's been a rise. people are odd, the more a stock price goes up, the more they want to buy it.